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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: S.C. Barnard who wrote (35713)	11/3/1998 9:33:00 AM
From: PCSS	Respond to of 97611

Initial CPQ trades 31 5/16 (down 1/4) Michael

To: S.C. Barnard who wrote (35713)	11/3/1998 10:19:00 AM
From: steve kammerer	Respond to of 97611

All that will happen is that money will disappear into lawyers pockets that could have gone to shareholders. There are firms that just sit around waiting for something- anything- to bring suit over. I used to buy companies that had severe setbacks to to earnings surprises. Invariable they got oversold and then bounced back. Now that the class action suits are so quick and universal, a lot of companies get oversold and do not recover thanks to our leagal beavers. Ex. PTUS, PTB and numerous others. A few years ago I bought a company that then plunged. I was contacted, joined class action suit. A high award was made and paid. All taken up by inflated legal fees. End result, money disappeared that could have helped the company turn around. Company went bankrupt. That was a company that actually had done something wrong. Sometimes it's necessary but right now we have too many leagal slugs having to chase more and more creative ambulances. My $.02 stevek